With a changing academic environment, the reviewing policies and guidelines of《Journal of Management and Business Research》have been modified moderately as changed as an academical environment. The JMBR had inclined to review a manuscript rigidly in the past years, therefore, the manuscript would be rejected possibly due to not in accordance with the threshold of a high academical writing quality; however, undoubtedly, an important responsibility of the JMBR is to assist an advanced development of academic community and a growth of scholars. Consequently, we deem that it is important to offer an opportunity for a potential research paper with a modification. The reviewing process and orientation of the JMBR is tending toward a diagnostic reviewing expectantly and the roles of the JMBR and reviewer assist author to develop and improve his manuscript. For the reason, the JMBR would offer a revisory opportunity with an unequivocal revised guidelines to the author as well as to guide and assist author's writing development if the issue is interested and possess a contribution at the theory potentially.  To response this orientation of reviewing adjustment, the reviewing regulation has been being more decision-making power to the field editor and the chief of editors from a slight rigid regulation in the past time. 

《Journal of Management and Business Research》has been being the most long-standing managerial journal, the most representative academic journal, and stridden over the 38^th year with a highly reputation from the field of managerial academy in Taiwan. The editorial review board of JMBR has strived for improving a process of the first reviewing manuscript efficiently in 60 days. Indeed, the editorial review board has consumed 53 days to accomplish estimated more than 50 manuscripts at last year. The reviewing process would maintain the efficiency as well as provide a more prompt and high quality of the state-of- the-art service through an E-authorial submission and E-editorial reviewing.

National Central Library (NCL) has announced the “110 Taiwan Academic Resources Influence Award List” in March, 2021. The JMBR is honorably rewarded once more at the first place of the “Journal Long-term Dissemination Award” of the managerial field after assessing the resource utilization of the “Taiwan Humanities and Social Sciences Citation Index System” and “Taiwan Journal Paper Index System”!  The assessment provides an evidence of the publications that has been cited widely and continually since the first launch with a long-term dissemination and a contribution in scholarly sustainably. Indeed, it is emphasized the influence of the rewarded journal on knowledge dissemination in a long term.  The JMBR does appreciate very much to all praises and favors from a variety of fields. The JMBR would persistently endeavor to deal with every valuable manuscript carefully and control the quality of publication sustainably as well as provide a better publication to scholarly managerial research!

The special issue of the “Leadership” had invited submission since in April. Professor Hsiung, Hsin-Hua from the National Taiwan University and Associate Professor Man-Ling Chang from the National Chung Hsing University cooperatively serve the chair editors for the special issue. There are a variety of research viewpoints at the issue of leadership in the past; however, the advanced methodologies and analytic instruments promote more multiple-dimensional research relevant issues of leadership. The special issue appreciates all submissions related to the leadership included conceptual papers, quantitative and qualitative researches. The submitted manuscript would be accepted a full paper and informative abstract and the deadline of submission will be due on Feb. 15^th, 2022. Moreover, the Chinese Management Association will hold a conference of this special issue on June 10^th, 2022. The further information related to the conference will reveal at the official website of the《Journal of Management and Business Research》and look forward interested scholars to submit your manuscripts to the conference.

There are four articles collected in the Issue 38, Number 3 from the JMBR. The first publication from the JMBR is the〈Network Position and Innovation Outcomes: The Moderating Role of Knowledge Diversity〉which collect data from a sample of firms in the cultural and creative industries in Taiwan and examines a contingency framework that positions knowledge diversity as moderating the relationship between network position and innovation. The research results demonstrate that structural holes have a positive effect on exploitative and explorative innovation under a high degree of knowledge diversity as well as the knowledge diversity weakens the positive impact of network centrality on explorative innovation. Based on the research findings, firms pursuing explorative innovation come from a position of network centrality but is dependent on the knowledge diversity in a network. Moreover, the research shows that while the relationship between network centrality and exploitative innovation is significantly positive under a low degree of knowledge diversity. The research suggests finally that exploitative innovation is a more satisfactory approach when a firm is in a network characterized by a low knowledge diversity.

Thesecond article is titled in 〈Curating Social Experience: Fusing New and Incumbent Media Business Models〉. This study details the necessity of fusing new business models with established ones as opposed to focus on complementary incomes or the co-creation of values. By analyzing how traditional fashion magazines curate social experiences for different communities, this research introduces new mechanisms for social interactions that highlight the fusion of business models. The interactive relationships are categorized into two-way, three-way, and multi-way for the niche markets, the differentiated markets, and the mass markets respectively. This research contributes to enhance the literature on business model innovation and emphasizes how new business models can be innovated from old business models as well as to supplement the literature on the experience economy by describing the interactive relationships, experiences, and timeframes involved in curating unique social experiences and introduces a five-tiered practical guide for fusing business models.

The third article is titled in 〈How do Digital Multinational Enterprises Choose the Degree of Equity Ownership in Cross-Border Acquisitions? 〉The Resource-Based View and Organizational Learning Strategies Perspectives”. The study examined how digital multinational enterprises (MNEs) make strategic decisions on their degree of equity ownership (DEO) in cross-border acquisitions (CBAs) from the resource-based view and organizational learning strategies perspectives. To consider business model types to distinguish between different digital MNEs, the research proposes that the relevance of digital business models to the DEO in CBAs of digital MNEs may differ and collect data from 664 digital MNEs' CBAs in the Securities Data Company Platinum database between 2010 and 2018 from the United States, China, and India. This study found that digital MNEs with pure digital business models involving a high level of technological proprietary know-how preferred full ownership to partial ownership. Also, the MNEs with a digital business model involving high Internet intensity in marketing and sales, a market-seeking strategy, and the exploitation of existed resources and capabilities preferred full acquisition as well as MNEs with a digital business model involving high Internet intensity in production and operations, a strategic asset-seeking strategy, and exploration of new resources and capabilities preferred partial acquisition. The study findings contribute to theory and related to the management of digital MNEs and is suitable to interpret the ownership choosing behavior of the MNEs' CBAs for contributing at modern theoretical and empirical facets at international business management.

The fourth article is titled in 〈The Effect of Policy Uncertainty on Corporate Cash Holdings: Evidence from Taiwan〉. This study examines the effects of policy uncertainty during presidential election years and county mayor election years on the corporate propensity to hold cash. The research has employed Taiwanese election data from years of 1996 to 2016 with a sequence of six times of presidential elections as exogenous events to proxy for policy uncertainty. The studying results show that different from the effects of the presidential election, firms tend to decrease their cash holdings during county mayor election years. Also, the study indicates that there is a positive relationship between policy uncertainty and cash holdings. Among the different types of studying firms, the young firms, high-tech firms, and low financial flexibility firms are more likely to significantly increase their cash holdings and receive higher value of cash during election years than be other type firms.